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Property profile & analytics
FOR LEASE
Office buildings
12401 Prosperity Dr, Silver Spring, MD 20904
Entity Owned
~
Est. High Equity
Property ID
US40-1321126
For Lease
1 / 2
$23 SF/Yr
12401 Prosperity Dr, Silver Spring, MD 20904
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1981
Total area
99,581 SF
Lot
10 ac (435,600 SF)
Zoning code
CR0.7
APN
05-01999118
UPID
US40-1321126
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Elite Wildlife Removal Silver Spring Animal Shelter Pet Adoption Service
-
Restaurant Manager POS HQ (Bike/Boat/Book/etc) Store Corporate Office
-
Brooks Self Storage Units Storage Facility
-
Network Alarm Corporation Electronics & Wireless Store
-
Advanced Garage Door Repairs Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$30.67M
Blend (final)
Blend
$28.44M
Owner & transaction history
Pdc Property LLC
Pdc Property LLC
since 2025
Last sale
$28.8M
6 recorded transactions
Zoning & alternative use
CR0.7 · Silver Spring, MD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$44.1M
+33.9%
Commercial (general)
$38.6M
+17.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Silver Spring submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Silver Spring submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$32,895,000
Current use
RETAIL STORES
$44,055,000
Change: +34% · Conversion: Moderate
COMMERCIAL (GENERAL)
$38,610,000
Change: +17% · Conversion: Easy
WAREHOUSE, STORAGE
$31,165,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$30,620,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$28.44M
Range $25.59M – $31.28M · ±10% · vs last sale $28.83M (May 11 2025)
Last sale anchor
$28.83M
May 11 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$286 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$242,104
Tax year 2022
Assessed value
$19,919,633
Assessed 2023
Previous assessed
$19,503,900
+2.1% YoY
Effective rate
1.22%
On assessed value
Land market value
$7,840,800
Improvement market value
$12,910,300
Total market value
$20,751,100
Applied tax rate
42.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1981
Heating
YES
Cooling
YES
Buildings
3
Stories
2
Units
4
Total area
99,581 SF
Lot
10 ac (435,600 SF)
Zoning code
CR0.7
APN
05-01999118
UPID
US40-1321126
Jurisdiction
MONTGOMERY
Metro division
BETHESDA-GAITHERSBURG-FREDERICK, MD METROPOLITAN DIVISION
Zoning & alternative use
CR0.7 · Silver Spring, MD
Zoning CR0.7 · permitted uses
CR0.7 · Silver Spring, MD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Silver Spring. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$32.9M
RETAIL STORES
Est. value
$44.1M
COMMERCIAL (GENERAL)
Est. value
$38.6M
WAREHOUSE, STORAGE
Est. value
$31.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$30.6M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Units
4
Lot
10 ac
Current owner
From public records · entity-resolved
Pdc Property LLC
Entity
Mailing address
2000 MCKINNEY AVE STE #1000, DALLAS, TX 75201-2027
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2025
$28,829,000
Pdc Property LLC
Prosperity Drive Data Center LLC
Special Warranty Deed
$26,000,000 · Psg Jm Lending LLC
May 9, 2019
$19,500,000
Prosperity Drive Data Ctr LLC
Bytegrid Silver Spring LLC
Grant Deed
—
Jun 6, 2011
$34,000,000
Bytegrid Silver Spring LLC
Citicorp N America INC
Grant Deed
—
—
—
Bytegrid Silver Spring LLC
—
Deed Of Trust
related
$25,000,000 · Keybank USA
—
—
Bytegrid Silver Spring LLC
—
Loan Modification
related
$67,500,000 · Keybank USA
—
—
Bytegrid Silver Spring LLC
—
Loan Modification
related
$92,500,000 · Keybank USA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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